U.S. consumer prices increased 4.2 percent in May, Ben Casselman notes

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U.S. consumer prices increased 4.2 percent in May, Ben Casselman notes — U.S. inflation jumps 4.2 percent in May

Ben Casselman reports that overall consumer prices in the U.S. were up 4.2 percent in May, representing the fastest year-over-year inflation since April 2023.

He adds that core prices, which exclude food and energy, rose 2.9 percent during the same period.

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Casselman previously reported that daily expenses for consumers have climbed, with gas prices up 28% year-over-year and food costs rising. In recent coverage, he observed a positive shift in economic data revisions over the past months. These updates follow the latest figures showing the fastest annual inflation rate in over a year.

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